Global Aerospace Metal Matrix Composites
Market Report
2025
The Global Aerospace Metal Matrix Composites market size is USD 0.21 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 7.50% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Aerospace Metal Matrix Composites market size is USD 0.21 billion in 2023 and will enhance at a compound annual growth rate (CAGR) of 7.50% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Aerospace Metal Matrix Composites Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 7.5% |
North America Aerospace Metal Matrix Composites Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.3% |
Europe Aerospace Metal Matrix Composites Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.5% |
Asia Pacific Aerospace Metal Matrix Composites Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 9.3% |
South America Aerospace Metal Matrix Composites Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 7.3% |
Middle East and Africa Aerospace Metal Matrix Composites Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 7.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Process Type |
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Market Split by Application |
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Market Split by Reinforcement Form Type |
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Market Split by Matrix Type |
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Market Split by Reinforcement Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Aerospace Metal Matrix Composites Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Aerospace Metal Matrix Composites are advanced materials with a metal matrix reinforced with high-strength ceramic fibres. These composites offer lightweight, high-strength, and heat-resistant properties. The reduction in weight to improve fuel efficiency, enhanced mechanical properties, improvement in fuel efficiency, enhanced durability, innovations in manufacturing technologies, increasing interest and investments in space exploration, strict government regulations, rising demand for air travel globally, ongoing research & development and collaborations between aerospace companies are the major factors bolstering the growth of the aerospace metal matrix composites market.
For instance, in March 2021, Alvant, a leading specialist in manufacturing aluminium matrix composite materials, made a Memorandum of Understanding for a partnership with 3M to advance metal matrix composite technology for real-world applications.
The aerospace metal matrix composites market is experiencing growth due to the increased use of MMCs in manufacturing aircraft. These advanced materials offer a unique combination of strength, lightweight properties, and heat resistance, making them ideal for critical aerospace applications. MMCs enhance fuel efficiency by reducing overall weight, leading to decreasing operational costs and environmental impact. Additionally, they provide superior performance in extreme conditions, contributing to improved aircraft durability and safety. As the aerospace industry continues to prioritize efficiency and sustainability, the rising adoption of MMCs underscores their pivotal role in advancing aviation technology and meeting the evolving demands of the aerospace sector.
For instance, the Boeing 777 aircraft uses fan exit guide vanes in its Pratt and Whitney 4084, 4090, and 4098 engines made from aluminium MMC and nozzle actuator links in the General Electric F110 engine made from titanium MMC.
The increase in demand for electrical and electronic equipment globally grows the market. As industries worldwide witness an increasing reliance on advanced technologies, the aerospace sector, particularly, experiences a growing need for lightweight, durable materials. AMMCs, characterized by their high strength-to-weight ratio and excellent thermal properties, are sought after to enhance the performance of components in aircraft and aerospace applications. This heightened demand is fueled by the ongoing expansion of electronic and electrical systems in aviation, satellites, and space exploration, driving the aerospace industry towards adopting innovative materials like metal matrix composites to meet the evolving requirements of modern technology.
According to the global electronics statistics announced by the Japan Electronics and Information Technology Industries Association, the rise of the electronics and IT industries is to grow 11% year on year in 2021 to go to USD 3,360.2 billion, with 2022 production to lifting 5% to USD 3,536.6 billion.
(Source: www.jeita.or.jp/english/press/2021/1217.pdf)
The aerospace metal matrix composites market faces a challenge due to the high cost of production. The intricate manufacturing processes involved in producing metal matrix composites and the expense of raw materials contribute to elevated production costs. These advanced materials, designed to enhance aircraft performance and durability, require precision engineering and specialized techniques, driving production expenditures. The aerospace industry's strict quality and safety standards further contribute to the cost challenge.
The aerospace metal matrix composites market faced manufacturing, supply chain, and demand disruptions as lockdowns and travel restrictions were implemented globally. It led to delays in production schedules, reduced aircraft orders, and financial challenges for aerospace companies. Despite the challenges, the market is expected to recover as the industry adapts to the new normal and increases focus on lightweight, high-performance materials like metal matrix composites to enhance fuel efficiency and overall aircraft performance. The pandemic highlighted the need for resilient supply chains and increased interest in innovative materials for the aerospace sector.
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The major players focus on product innovation, partnerships, and mergers to enhance their market presence. With a strong emphasis on research and development, they aim to offer lightweight, high-performance solutions for aerospace applications, ensuring competitiveness in this dynamic industry.
(Source: www.plansee.com/en/company/news/2022/acquisition-mi-tech-tungsten-metals.html)
Top Companies Market Share in Aerospace Metal Matrix Composites Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region's well-established aerospace industry and technological advancements. The region is home to major aerospace manufacturers and research institutions, fostering innovation in metal matrix composites. Influencing demand for lightweight and high-performance materials in the aerospace sector further propels market growth. The United States plays a major role in driving advancements in AMMC technology, focusing on applications in aircraft structures and components. Favourable government initiatives and investments in research and development contribute to North America's prominence in the global AMMC market.
Europe is the fastest-growing category due to its robust technological advancements and increasing demand for lightweight, high-performance materials in the aviation industry. The region's key players, like Airbus and Safran, contribute to market expansion. Stringent environmental regulations promoting fuel efficiency bolster the adoption of metal matrix composites in aircraft manufacturing. Additionally, collaborations between research institutions and industry players enhance innovation. Countries like Germany, France, and the United Kingdom shape the European market landscape. This region's commitment to sustainable aerospace solutions and its thriving aerospace sector position it as a key player in the global aerospace metal matrix composites market.
The current report Scope analyzes Aerospace Metal Matrix Composites Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Aerospace Metal Matrix Composites market size was projected at USD 0.21 billion, out of which North America held the major market of more than 40% of the global revenue with market size of USD 0.08 billion in 2023 and will extend at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030, owing to the region’s increasing demand for lightweight materials in aerospace applications, coupled with the region's emphasis on technological advancements and innovation, is a significant driver for market growth. Metal matrix composites offer enhanced strength and reduced weight, aligning with the aerospace industry's pursuit of fuel efficiency and performance optimization. This trend is fostering the adoption of these composites in aircraft manufacturing, bolstering the market in North America. The turning focus on fuel efficiency and performance enhancement in the North American aerospace industry fuels the adoption of metal matrix composites, contributing to the market's expansion.
According to Cognitive Market Research, the global Aerospace Metal Matrix Composites market size was projected at USD 0.21 billion, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD 0.06 billion in 2023 and will extend at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030, owing to the increasing demand for lightweight, high-strength materials in aircraft manufacturing. These composites, composed of metal and ceramic reinforcements, enhance structural performance, fuel efficiency, and overall aircraft capabilities. The focus on reducing weight and improving efficiency in the aerospace industry is a key driver for adopting metal matrix composites, fostering technological advancements and market expansion. Adopting metal matrix composites improves fuel efficiency and overall performance in the aerospace industry, making it a crucial focus for regional manufacturers and suppliers.
According to Cognitive Market Research, the global Aerospace Metal Matrix Composites market size was estimated at USD 0.21 billion, out of which Asia Pacific held the major market of more than 22% of the global revenue with market size of USD 0.05 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030 due to the region's increasing demand for lightweight materials with enhanced strength and durability is a key driver, as metal matrix composites offer superior performance. Asia-Pacific's growing aerospace sector, fueled by rising air travel and defence investments, is a major factor in the market's expansion. These composites play a crucial role in developing advanced aircraft components, meeting the industry's evolving requirements for efficiency and safety. Countries such as China and India are the key contributors in the Asia-Pacific segment, leveraging these advanced materials for aerospace components. This trend reflects the region's growing influence in the global aerospace industry and its commitment to technological advancements in aviation.
According to Cognitive Market Research, the global Aerospace Metal Matrix Composites market size was evaluated at USD 0.21 billion, out of which Latin America held the major market of more than 5% of the global revenue with a market size of USD 0.01 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030 due to the region's increased demand for lightweight and high-performance materials in aerospace applications. The market is propelled by the rising focus on fuel efficiency, enhanced durability, and advanced structural capabilities in aircraft manufacturing. Metal matrix composites offer a favourable combination of strength and reduced weight, aligning with the aviation industry's objectives for improved performance and environmental sustainability. This trend contributes to Latin America's aerospace metal matrix composites market expansion. Latin America's aerospace industry is embracing this advanced technology to meet the rising demand for efficient and lightweight materials, contributing to the overall growth of the global aerospace metal matrix composites market.
According to Cognitive Market Research, the global Aerospace Metal Matrix Composites market size was projected at USD 0.21 billion, out of which MEA held the major market of more than 3% of the global revenue with a market size of USD 0.01 billion in 2023 and will raise at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030 due to the region's expanding demand for lightweight, high-strength materials in the aerospace industry. Combining metals with advanced materials, these composites enhance fuel efficiency and aircraft's overall performance. The region's expanding aerospace sector and the pursuit of innovative solutions to reduce weight and improve efficiency in aviation contribute to the market's growth in the Middle East and Africa. It is driven by the influencing demand for lightweight and high-strength materials in the aviation industry, ultimately contributing to the evolution of aerospace technologies in the Middle East and Africa.
Global Aerospace Metal Matrix Composites Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aerospace Metal Matrix Composites Industry growth. Aerospace Metal Matrix Composites market has been segmented with the help of its Process Type, Application Reinforcement Form Type, and others. Aerospace Metal Matrix Composites market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, solid-state processing holds a prominent market share. It uses powder metallurgy, diffusion bonding, and solidification to create metal matrix composites. It offers enhanced mechanical properties.
Liquid state processing is the fastest-growing category. It employs methods like casting and infiltration to manufacture these advanced materials. Each process type has distinct advantages and applications in aerospace engineering. It provides flexibility in shaping complex components.
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According to Cognitive Market Research, aerospace & defence held the prominent share in the market over the forecasted period. Metal matrix composites play a crucial role due to their lightweight and high-strength properties, enhancing the performance of aircraft components. These composites find applications in structural components, engine parts, and other critical aerospace systems.
Others are the fastest-growing category over the projected period. It contributes to sectors such as automotive, electronics, and industrial applications. The versatility of Metal Matrix Composites makes them valuable in enhancing performance and efficiency across a spectrum of applications, reflecting their significance beyond aerospace and defence.
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According to Cognitive Market Research, it continuously holds a prominent market share. It involves uninterrupted fibres throughout the material, enhancing structural integrity and performance. They are favoured for high-performance aerospace applications, ensuring superior mechanical properties.
Discontinuous is the fastest-growing category. It features short fibres dispersed within the matrix, providing cost-effective solutions while maintaining significant strength. They find utility in applications where a balance between performance and cost-effectiveness is crucial.
According to Cognitive Market Research, aluminium holds a prominent market share. It offers lightweight properties, high strength, and excellent thermal conductivity, making it suitable for various aerospace applications.
Titanium is the fastest-growing category. It provide exceptional strength-to-weight ratios and corrosion resistance, making them ideal for aerospace components exposed to harsh environments.
According to Cognitive Market Research, automobiles hold a prominent market share. It is known for its high hardness and thermal conductivity, which enhances the material's strength and resistance to wear, making it ideal for aerospace applications.
Aluminium oxide is the fastest-growing category. It provides excellent stiffness and thermal stability. These reinforcement types cater to specific performance requirements in aerospace components, ensuring lightweight structures with superior mechanical properties.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aerospace Metal Matrix Composites Market is witnessing significant growth in the near future.
In 2023, the Solid State Processing segment accounted for noticeable share of global Aerospace Metal Matrix Composites Market and is projected to experience significant growth in the near future.
The Aerospace & Defense segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Materion Corporation Plansee SE , CPS Technologies Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Process Type | Solid State Processing, Liquid State Processing, Others |
Application | Aerospace & Defense, Others |
Reinforcement Form Type | Continuous, Discontinuous, Particulate |
Matrix Type | Aluminium, Titanium, Others |
Reinforcement Type | Silicon Carbide, Aluminium Oxide, Others |
List of Competitors | Materion Corporation Plansee SE, AMETEK Inc., CPS Technologies Corporation, Denka Company Ltd., Deutsche Edelstahlwerke (part of the Swiss Steel Group), Ferrotec |
This chapter will help you gain GLOBAL Market Analysis of Aerospace Metal Matrix Composites. Further deep in this chapter, you will be able to review Global Aerospace Metal Matrix Composites Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Aerospace Metal Matrix Composites. Further deep in this chapter, you will be able to review North America Aerospace Metal Matrix Composites Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Aerospace Metal Matrix Composites. Further deep in this chapter, you will be able to review Europe Aerospace Metal Matrix Composites Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Aerospace Metal Matrix Composites. Further deep in this chapter, you will be able to review Asia Pacific Aerospace Metal Matrix Composites Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Aerospace Metal Matrix Composites. Further deep in this chapter, you will be able to review South America Aerospace Metal Matrix Composites Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Aerospace Metal Matrix Composites. Further deep in this chapter, you will be able to review Middle East and Africa Aerospace Metal Matrix Composites Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Aerospace Metal Matrix Composites. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Process Type Analysis 2019 -2031, will provide market size split by Process Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Process Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Reinforcement Form Type Analysis 2021 - 2033
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Chapter 13 Market Split by Matrix Type Analysis 2021 - 2033
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Chapter 14 Market Split by Reinforcement Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aerospace Metal Matrix Composites market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solid State Processing have a significant impact on Aerospace Metal Matrix Composites market? |
What are the key factors affecting the Solid State Processing and Liquid State Processing of Aerospace Metal Matrix Composites Market? |
What is the CAGR/Growth Rate of Aerospace & Defense during the forecast period? |
By type, which segment accounted for largest share of the global Aerospace Metal Matrix Composites Market? |
Which region is expected to dominate the global Aerospace Metal Matrix Composites Market within the forecast period? |
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